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that route, you have more rid lin described. >> another big business. >> doc, before we go, a detroit area doctor, of course, detroit, charged with cheating the government out of tens of millions of dollars deliberately misdiagnosing patients with cancer and illegally billing them for treatment. >> oh, my god, if it's true, let me tell you something, it's a big business. oncologists prescribe their own chemotherapy, making loot, medicare is cracking down on that, no longer going to be available to do that. this guy apparently, the clinics made $35 million in two years, 24 until many medication. one guy fell, hit the head, and told you have to have chemo before going to the hospital. the parties didn't even have cancer. if this is true, it's a real black mark on the medical profession. >> a guy like this, through him under the prison. no parole, nothing. this is just -- i mean, -- >> disgusting. absolutely. >> great foppics, appreciate it, thanks. record number of americans on food stamps. you knew that. what are your taxpayer dollars paying for? try sushi, lobster for this guy. >> wake up,
and a few thought detroit was the exception think again, we are talking trillions of dollars of debt ended all comes down to public workers' pension. alex rodriguez will still take the field, he can think unions and collective bargaining and youth unemployment, don't worry, you can stay home with mom and dad. all that and more on a fresh hour of "varney and company". let's check the big board. we have been down 56 points. one of our big things today, the question is profits, can they keep pace with stock prices. liz: the bulls are seeing corporate earnings have to pick up steam for the market to charge even higher, we are looking on track for 4.7% growth in the second quarter and analysts expect 4.8% profit growth in the third quarter, ten.7 in the fourth. peaceably like we have seen in june, the june swoon the past three summers we see a juice. you can see a solution we are not seeing it yet, the market is up 1% for august. charles: i got to tell you so the audience knows, not manufacturing data from the service part of the economy which is obviously the overwhelming part, 56, the street
on the wall. first detroit, next chicago? a billion dollar budget shortfall by 2015. what's next for chicago? we'll deal with them next. ♪ announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i n always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." >> this is a very low volume wednesday in the first part of august and the market is down 57 points. how about the price of gold? fell below he 1300 recently and still below 1300. 1283 is the quote now. dead flat. look at disney. it is the biggest loser on the dow, why? well, losses from its flop film. lone ranger is hurting them. plus, disney is coming off a high and it's down near 3%. i've got troubling news on chicago's financial problems, the city is predicting a $1 billion shortfall by 2015. john tillman from the illinois policy
levin. when are you moving? chicago is getting a lot like detroit. when are you moving? >> i am not moving anytime soon. detroit.is a lot different than it is run better. it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking the market little bit but not a whole lot. the stock index trading bejg me still sitting at all-time highs. wwe're thinking but when is bernanke going to be talking about it. that is when the market will really get spooked and lose a lot of ground. stuart: thank you very much, indeed, out there in chicago. the opening bell is ringing. we expect the (to be lower, and it is. this will be a slow trading session, a thin market, thin
are from the same hymn sheet. i do want to talk about how new york could become detroit, this would be the first giant step toward it. stuart: if i were voting, it would be christine quinn amazing enough. at least she would keep charter schools going. charles: exactly. stuart: this guy built a company from the ground up. a real american success story. london liquidators. talking to ceo, tom sullivan. one of charles payne favorite picks. mr. sullivan is coming up. ♪ make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades when you start using active trader pro today. then you'll know how uncomfortable it can be. [ crickets chirping ] but did you know that the lack of saliva can also lead to tooth decay and bad breath? [ exhales deeply ] [ male announcer ] well there is biotene. specially formulated with moisturizers and lubricants, biotene can provide soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. folks have suffer
. send the money to detroit and places that need it here in the united states. they raised tobacco prices. they have done media and marketing campaign. they cut smoking in half in brazil in the last 20 years. charles: my thing i think is more egregious, how do people get the grants? if willie sutton was alive. forget the banks, draw up grant requests. how do you get them? it's a i amazing! liz: $31 billion in grant money available. charles: 31 billion? liz: 31 billion. i tell you i know for a fact at love these researchers actually use the money, i'm not joking to buy houses on lakes in places that they want to travel to. charles: talking earlier in the week, about the restaurant organization, union organization, pushing antibusiness agenda. getting taxpayer dollars. how do they go about it? it is amazing. should look into it. 31 billion. you can imagine, waste, fraud @nd abuse in that thing. liz: use the money here in the united states to help it our people, our poor people. charles: brazilians can figure out how to stop smoking. >> they already have. they're doing it. charles: absolutel
's interesting. i'm running out of time and i've got to get to this. the mcdonald's in bankrupt detroit was closed yesterday because of that $15 per hour fiat wage that they staged a strike. and bankrupt detroit's mcdonald closed. what, have you got anything to say about this $15 an hour fast food wage? >> this is unbelievable, stuart. it's so easy for the unions and politicians to go after multi-billion dollar corporations, these ceo's, who this has nothing to do with mcdonald's. they don't control the franchise wage scale. so you have mom and pop stores that are affected by this. less than 5% of fast food workers are affected by minimum wage. the average minimum wage worker in the united states, the family brings in $53,000 a year, and this is a grab and they're trying to get it through the minimum wage argument. stuart: relax, john, you've got the beach behind you and you'll be there i'm sure. >> yes, sir. stuart: he's in bermuda. great weekend to you. the top of the hour we've got the man who wrote the book on unions. and does he think this administration is going to cave to the rec
with the detroit bankruptcy filing. they need to speak up today or hold their peace. holding back financial aid to egypt. do we need to cut off all of the money going to that country? a raspberry instead of blackberry. the movie about steve jobs came in second at the box office over the weekend. listen to this. some wood off to lease themselves rather than till death do us part.
% last month. seven percentage points lower than june. detroit emergency manager apologizing after calling some of the city residents those names. and the nfl hit with another concussion lawsuit. 83 former players led by pro-bowlers. they say they are suffering long-term effects from brain injuries sustained during their playing
Search Results 0 to 8 of about 9

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